Container Store CEO reveals possible bankruptcy after price hikes ‘significantly impacted the company’s performance’ ...Middle East

News by : (The U.S. Sun) -
FALLING sales have heavily impacted The Container Store as the CEO now looks to scale back its operations. The store has faced a decline of nearly $10million in retail sales between financial quarters, and is now facing bankruptcy. AlamyThe Container Store’s sales in its retail sector dropped 10.4 per cent between quarters[/caption] AlamyThe company is seeking alternate financial arrangements in case of bankruptcy threats[/caption] The Container Store ended its most recent fiscal year with net sales of $847.8million, which is a 19 per cent drop from the previous year. Sales in the retail segment dropped 10.4 per cent from $196.6million to $186.6million. Same stor

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